2430 Elmhurst St Detroit, MI 48206

Located in the Dexter-Linwood area of Detroit, this offering presents a land investment opportunity. The sale includes four lots that must be purchased together and cannot be separated. The addresses are 2430, 2436, 2422, and 2402 Elmhurst. The land is suitable for urban agriculture, gardening, or beautification projects, whether for profit or community activation. Interested buyers should consult the proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. Reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department is also recommended for additional neighborhood context. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the property ownership transfer. This tax capture may not be compatible with other tax abatements available to the purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The total lot size is 0.08 acres.